Calculation of prime cost and production cost of goods manufactured (factory cost of production); Drawing up a manufacturing account and income statement; Adjusting the manufacturing account in respect of work in progress.
How To Carry Out This Lesson At Home:
Questions & Answers serve as Text. These may or may not require teacher guidance, depending on student’s level of reading and understanding of English, besides other factors.
Class Demos (CD) are exercises meant to be worked out with teacher guidance.
Homework (HW) are exercises meant to be worked out without teacher guidance (lesson duration does NOT include HW).
Both CD & HW are mainly exercises taken from SEC exam papers pre 2010 . Answers to both in excel file.
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